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The Stock Market s Potential as a Wealth Equaliser

Nudging people to invest in the stock market could reduce wealth inequality.

BBCNEWS HARDtalk October 11, 2021 03:55:00

richard thaler, we have to end it there. thank you very much forjoining me on hardtalk. my pleasure. hello. last week brought us some heavy rain followed by some particularly warm weather. the week ahead, well, things will be much drier, rain mainly confined to the north of scotland, but it will be also cooler. temperatures will actually be around average but there will be incursions of chilly air towards the north and the east at times, all running around the eastern edge of an area of high pressure which will dominate through this week. that s what s happening into monday, but we re on the edge of it, so we re

BBCNEWS HARDtalk October 11, 2021 03:32:00

richard thaler in chicago, welcome to hardtalk. happy to be here. well, we re delighted to have you. would it be fair to say, professor thaler that you think we humans make consistently pretty poor choices? um, i would revise that slightly, i would say we often make poor choices. i think it s foolish to sort of give an overall grade. you know, we are the smartest species as far as we can tell but we do some pretty dumb stuff. and who is to judge what is dumb and not dumb? well, we can start

BBCNEWS HARDtalk October 11, 2021 03:31:00

now on bbc news, it s time for hardtalk. welcome to hardtalk. i m stephen sackur. from covid to climate change, governments around the world face challenges which demand modifications of human behaviour. when it comes to getting people to do things differently, what works best, the carrot of persuasion or the stick of coercion? well, my guest today is richard thaler the world renowned economist and scientist, who believes a nudge often works better than a shove when change is needed. does that hold good when the problems we face become urgent and existential?

BBCNEWS HARDtalk October 10, 2021 23:54:00

and it s gotten better. it now tells me what lane i should be getting in to anticipate the next turn. so we can make everything in life easier by providing the equivalent of gps for all the hard decisions in life, and people will gladly accept those. if we try to sneakily go around and manipulate them, whatever that means, then they may react adversely. but that s not something that cass and i ever endorse. richard thaler, we have to end it there. thank you very much forjoining me on hardtalk. my pleasure.

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